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View Full Version : Citic Pacific Expects $2 Billion in Losses From Currency Bets - Bloomberg



NewsWhore
10-20-2008, 02:30 PM
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Citic Pacific Expects $2 Billion in Losses From Currency Bets (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaiTzMZJJi.vo%26refer%3Daustralia&cid=0&ei=qs_8SMvpDZ_S9QS788iPCQ&usg=AFQjCNE4Dyltuc1CIrMb8KJkfVvSBM976g)
Bloomberg - 12 minutes ago
A loss of HK$808 million has been incurred from terminating some leveraged currency contracts, and an additional HK$14.7 billion in losses are possible, ...


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